Chart of the Day: 2 in 3 en bloc site buyers are from Singapore

More developers are positive about the property market.

This chart from Colliers International shows that majority (66% total) of the residential collective sale sites sold in Q1 2018 were acquired by local developers. About 54% of the developers were listed in Singapore, whilst 12% were also from Singapore but they were unlisted.

According to Colliers managing director Tang Wei Leng, this is “reflecting their positive long-term outlook on the Singapore property market - which is in the midst of a multi-year upturn - following higher demand for homes and the modest growth in private residential prices last year.”

Meanwhile, Chinese developers have also a significant portion of the pie. About 26% of buyers are developers from Mainland China whilst 4% are from Hong Kong. About 4% of en bloc site buyers are mixed local and foreign developers.

Generally, more foreign developers are bidding to snag a slice of Singapore’s property pie.

The total collective sale transaction value from 2016 to Q1 2018 is $14.97b.

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